Nuclear proponents study new CANDU reactor for New Brunswick

The Government of New Brunswick has accepted a proposal by five nuclear energy companies collectively calling themselves “CANDU New Brunswick” to do a feasibility study for an additional nuclear reactor near Saint John, New Brunswick. The consortium will be funding the study itself to the tune of $2.5 million.
Candu New Brunswick members include SNC-Lavalin Nuclear Limited, as well as Atomic Energy of Canada Limited (AECL), Babcock & Wilcox Canada, GE-Hitachi Nuclear Energy Canada and Hitachi Canada Ltd.
The study will be for a Generation III+ Advanced CANDU Reactor – ACR-1000 (R). It would be located at the Point Lepreau Generating Station.
According to Team Candu’s press announcement, the feasibility study “will examine the business case for private sector investment; identify prospective markets for this new source of power; and indicate the potential environmental and socio-economic impacts of the project.”